8.11.21 DOGEUSD I thought I would look at this market today because it's in the sector that has found buyers. If you look at bitcoin, which is in the same sector, it has had a very good move higher from the bottom. The problem with penny stocks is that your trading markets that are well less than a dollar in the case of this market, and in many ways it tells you that it's much harder to have a real good profit. Nevertheless you can learn a lot about markets like this if you think in terms of structure, patterns, and price action. I think of this as the three criteria that I use to take a trade. If you can read the penny stock well, you can use the same tools to read other markets well. A lot of what I am describing may seem petty and unnecessary. It really isn't, because if you get the fundamentals of your thinking worked out clearly you will be able to make faster and better decisions when the markets are trading faster and quick decisions make a big difference'.
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